Bunn, your pretty smart, regardless of some comments here to the contrary.
One can usually assume a value of in-situ ore at 2.5% prior to any PEA / PFS
I haven't checked the exact numbers but our MRE in-situ valuation is roughly $3bn AUD @ 2.5%, market cap fair value should be ballpark $80m enterprise value.
Considering we have embarked upon a new drill seaon with close to $15m on hand personally, with great follow up targets I think we are undervalued. You can beg to differ, each to their own.
I wont bother extrapolating the CU price and potential of drill hits. A clever bloke like yourself can work that out.
Ann: Exploration Underway at the Storm Copper Project, page-18
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